________ is traded freely in the foreign exchange market,with its price determined by the forces of demand and supply.

Question

Quizplus · Accepted Answer

Hard currency is a widely accepted form of currency that is traded freely in the foreign exchange market with its price determined by the forces of demand and supply. Examples of hard currencies include the US dollar, Euro, and Japanese yen. Representative money, private currency, and fiat money do not have the same level of acceptance or exchangeability in the foreign exchange market.

________ Is Traded Freely in the Foreign Exchange Market,with Its